Inhaltsangabe
Excerpt from The Money Problem
Up to that time, business in the United States had been fairly prosperous, and the monthly addition of several millions Of dollars to the currency, provided by the Sherman Silver Purchasing Act, increased the facilities required by the nation's growing industries. But these facilities were viewed with great disfavour by the banks, since they served to lessen the demand for bank credit - upon which bankers thrive. To their complaints and direful prophecies thebusiness community paid little heed, since the Treasury Silver notes were circulating as readily as Gold notes. From neither of the two great political parties could the banks expect any sympathy or support. One course only remained, and that was to capture the successful candidate for the Presidency and depend upon his influence to procure the necessary legislation.
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The Money Problem (Classic Reprint)
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Paperback. Zustand: New. Print on Demand. This book is a thought -provoking exploration of the relationship between wealth and poverty in the context of the economic systems of the late nineteenth century. The author challenges the prevailing theories of political economy, arguing that they fail to adequately address the persistent problem of poverty despite a dramatic increase in overall wealth. The book explores how the prevailing economic theories of the time ââ â focusing on supply and demand, the gold standard, and free trade ââ â perpetuate a system that favors the wealthy at the expense of the working class. The author contends that the fundamental flaw in these theories lies in their failure to recognize the true nature of value and the role of money in the distribution of wealth. Through a clear and concise analysis of the economic systems of the era, the author demonstrates that the current system is fundamentally unjust and unsustainable, ultimately leading to social unrest and periodic economic crises. The book's insights offer a compelling critique of the prevailing economic ideas of the time, and its exploration of the relationship between value, money, and wealth continues to hold relevance for understanding economic systems today. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item. Bestandsnummer des Verkäufers 9781330070932_0
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